SOLUTION: If I pay $3000 interest on a $46000 loan for 20 days,what is my interest rate?
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Question 719740: If I pay $3000 interest on a $46000 loan for 20 days,what is my interest rate?
Answer by lynnlo(4176) (Show Source): You can put this solution on YOUR website!
PRINCIPAL==========$46,000.00
RATE===============3000
3000/100=30
TIME INVOLVED==========20YEARS
MULTIPLY====46000 X 30 X 20
$27,600,000.00
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